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Economics - Individual Production Possibilities

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6 MB|31 pages
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Individual Production Possibilities
Production Possibility Frontier or Production Possibility Curve
--Depicting all maximum output possibilities for two or more goods given a set of inputs
(resources, labor, etc.)


Draw a graph
1. Assume the government decided that defense was a greater priority than education,
and therefore 80% of the surplus money goes towards military spending and the rest on education.


a. 60% Military 40% education
b. 20% Military 80% education
c. 10% Military 90% education
d. 0% Military 100% education

This is a PPT so it is meant to be taught so there is a lot of pictures without words.. I have added a script to some of the slides for teachers..

If you have any questions please contact me..
Total Pages
31
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